DEFI DEVELOPMENT CORP. (DFDV) has captured the attention of investors by adopting a Solana -centered reserve strategy (Sol), the sixth largest cryptocurrency for market capitalization.
Since I know approved This strategy in April, the company’s actions have experienced an increase of 210%. DFDV, which is quoted in Nasdaq, went from an average price of USD 1.08 to current USD 23.8.
This graph shows how the company’s actions began to increase since they adopted Solana as a reserve asset.
This ascent has also been remarkable in the short term, with an increase of 32% in just five days, which is usually seen as a relevant indicator for the stock market, since movements of this magnitude They reflect strong interest and a clear commitment to a promising cryptocurrency.
As part of its strategy, on Thursday, July 3, Development Corp. advertisement The purchase of 17,760 Sol, for a value of approximately USD 2.72 million. With this acquisition, the company now has 640,585 Solana, valued at about USD 98.1 million, including staking rewards.
Besides, The company plans to maintain and block these long -term tokens In various validators platforms, including its own infrastructure of solana validators.
This behavior in the company’s actions can be interpreted as a response to the growing interest of corporations to emulate cryptocurrency investment strategies, such as Michael Saylor’s model with Bitcoin (BTC), but adapted to digital assets that are not Bitcoin.
The company aligns with a broader trend in the market, where other firms seek indirect exposure to different cryptocurrencies, such as XRP or Ethher (ETH), allowing investors to access actions to access the appreciation of these currencies without having to acquire them directly.
In this context, analyst Joseph Parrish warned last week about the implications of this new cryptocurrency investment strategy: “We are going to see many more companies forming ‘treasures’ of cryptocurrencies to create ‘crypto performance’, whether it is a currency that produces real performance as a sun or not,” he said, as cryptootics reported.
Parrish also expressed caution, stressing that, although some companies can obtain good results, The cryptocurrency market It is still extremely volatile.
“In the last five years, Sol has gone from to USD 250 to fall to USD 10, and then reached the USD 250 again and now around the USD 145,” Parrish explained, suggesting that Volatility It could represent a considerable risk for investors.
